skypointmarkets

NAS100 ANALYSIS H&S

Long
OANDA:NAS100USD   US Nas 100
Yesterday was extremely choppy and it was difficult finding good trades. Today looks a lot more bullish as the NAS100 components are in the green. Yesterday price broke down and respected the 12794 level that I had on my chart. As we can see here price has reversed and formed a higher low (Right Shoulder). There is strong resistance at the 13270-13380 level so if we get a break above and the H&S pattern is formed then we can expect NAS to continue higher.

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